Accel Entertainment, Inc. (NYSE:ACEL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in shares of Accel Entertainment, Inc. (NYSE:ACEL - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 266,070 shares of the company's stock after selling 92,960 shares during the period. Alliancebernstein L.P. owned 0.32% of Accel Entertainment worth $2,842,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Accel Entertainment by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 3,465,823 shares of the company's stock worth $37,015,000 after buying an additional 53,379 shares during the period. JPMorgan Chase & Co. boosted its stake in Accel Entertainment by 70.0% in the 4th quarter. JPMorgan Chase & Co. now owns 483,401 shares of the company's stock worth $5,163,000 after purchasing an additional 199,092 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Accel Entertainment by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,578 shares of the company's stock valued at $4,791,000 after buying an additional 6,641 shares during the last quarter. Globeflex Capital L P boosted its position in Accel Entertainment by 5.1% in the fourth quarter. Globeflex Capital L P now owns 263,183 shares of the company's stock valued at $2,811,000 after buying an additional 12,789 shares during the last quarter. Finally, Barclays PLC lifted its position in Accel Entertainment by 34.6% during the third quarter. Barclays PLC now owns 224,241 shares of the company's stock valued at $2,606,000 after purchasing an additional 57,666 shares during the period. 55.39% of the stock is owned by hedge funds and other institutional investors.

Accel Entertainment Trading Down 1.4 %

Shares of NYSE ACEL traded down $0.16 during trading on Friday, hitting $11.04. 345,356 shares of the company were exchanged, compared to its average volume of 283,033. The company has a debt-to-equity ratio of 2.54, a quick ratio of 2.63 and a current ratio of 2.71. Accel Entertainment, Inc. has a 12-month low of $9.02 and a 12-month high of $12.96. The company has a fifty day moving average price of $10.70 and a 200-day moving average price of $11.08. The firm has a market capitalization of $944.68 million, a PE ratio of 21.65 and a beta of 1.35.

Wall Street Analysts Forecast Growth

Separately, Macquarie lifted their price target on Accel Entertainment from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Friday, February 28th.

Insider Activity

In other news, Director David W. Ruttenberg sold 25,000 shares of Accel Entertainment stock in a transaction on Monday, April 14th. The stock was sold at an average price of $11.01, for a total value of $275,250.00. Following the completion of the sale, the director now directly owns 323,135 shares of the company's stock, valued at approximately $3,557,716.35. The trade was a 7.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Derek Harmer sold 5,000 shares of the business's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the sale, the insider now owns 211,575 shares in the company, valued at $2,221,537.50. This trade represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,000 shares of company stock valued at $686,500 in the last 90 days. Company insiders own 19.17% of the company's stock.

About Accel Entertainment

Accel Entertainment, Inc, together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores.